There are more jobs in the city than at any time in history, and the unemployment rate has fallen to historically low levels. Yet this success doesn’t mean that the city will keep all of its residents. Each year, thousands of people arrive in New York City and settle here, and thousands of people leave.
The New York International Auto Show runs from March 30 to April 8, which got us thinking about the car culture (or lack thereof) in New York City. According to recent census estimates, almost 1.4 million households in New York City own a car compared to 3.1 million total households.
This is the second installment of our series looking into the different generations of New Yorkers; what they are, how the differences between them impact New York City’s labor force, and how they affect the city’s neighborhoods.
This month we begin a series looking into the different generations of New Yorkers; what they are, how the differences between them impact New York City’s labor force, and how they affect the city’s neighborhoods.
Those who don’t know us say that New York City is a dog-eat-dog town. We may act like alpha dogs, but real New Yorkers are truly poodles at heart. In fact, the data show that one in seven households in our city have at least one pup under its roof – so we must be softies deep down.
The National Retail Federation (NRF) predicts that 219 million Americans (nearly 70% of the population) will celebrate Independence Day this year. The number of people who will celebrate is 2% higher than last year and the average amount they plan to spend on food items this holiday is up 3% to $73.42 per person. In fact, the holiday is expected to generate $7.1 billion in revenue from food sales.
The Federal Reserve raised interest rates on March 15, 2017 – only the third time since the height of the financial crisis. So, what does this mean for New York City’s economy? First, let’s explore how interest rates work.